Old Alamo to Become Trendy Nightclub?

If you think Austin needs more velvet ropes, overpriced cocktails and women who smoke cigars in a suggestive manner, you might be in luck.

The soon-to-be former location of the Alamo Drafthouse Cinema on Colorado St. is apparently slated to become the next outpost of Pangaea, an ultra-hip nightclub chain where Anna Nicole Smith liked to hang out. At least that's what Page Six of the New York Post says.

I think this means it's about time for another recession.